Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1887-02-25
BUSINESS MATTERS.
JUDGE HoLLADAY MAKES Ar ORDER
FOR THE SALE OF CALICO MILLS.
a. New Uptown Hotel- Broad.streei
Catino- Real Estate Sales.
&C, &C., &C.

Gallego Mills Manufacturing tom-
pany and the Mechanics and Planters
Savings Bank rs. the same, directing
the sale Of the Gallego- Mills pro
perty.
The Court doth adjudge, order, and
decree:
/. That the deed of trust from the
defendant company of December %,
1873, to /. Davenport, Jr., and L. Le-
land, trustees, is valid and subsisting
lien upon all of the property of said
defendant company embraced therein
and not sold IN accordance with the
terms, and being the real estate de-
scribed in Statement No. !, and the
water-right described in No. 2, of as
sets Of defendant company returned by
Commissioner Kean with said report,
and is the first lien upon the
said property, subject, however, to
the lien for watcr-rents upon parcel
No. of said real estate, as described
in said report, and unpaid taxes msn-
toned in said report, occurred upon
.
deed is a valid and subsisting security
for the payment of all the outstanding
bonds secured thereby, and of tn
past due and matured coupons, but
with interest on said bonds AMI
coupons, after maturity, at the rat
Of per cent. per annum, and not Z
per cent. per annum, rs set forth in
Commissioner Kean's report.
2 That the deed of trust from the
defendant company Of October !, 1885,
to J. Davenport, Jr., Il. q. Pegram,
and Thomas Potts, trustees, is not void,
but The said trust deed enures to The
benefit ratably Of all thecreditors of the
said company whose debts were then
in existence.
And the Court, being Of opinion that
the complainants in the first of these
causes are entitled to decree for a sale
Of all the property embraced in said
trust-Geed of December %, 1873, to
Davenport and Leland, trustees, and
that the interest of all the creditors of
the said defendant company will be pro-
noted 10y a sale at the same time of the
brands used by said company about
It's business of manufacturing flour and
not embraced in said deed
Ard the Court being further Of the
opinion that such sale ought to be made
by its own officers and under its super
vision, it is further adjudged, ordered,
and docreed that Charles q. William
John H. Guy, William !. Leake, AMI
Thomas G.. jackson, who are hereby
special commissioners for tn
purpose, after first advertising the time,
place, and terms of the sale in the fol
lowing manner-to wit: For not less
than fifteen days in the daily
Dispdfch of this city, and not
less than once week for four
weeks in some one or more news
paper published in each OF the cities
of Baltimore, Philadelphia, New York.
and Boston, and in at least three of the
following four cities-to wit, Chicago,
Minneapolis, Cincinnati, and st. Louis,
do proceed to sell at public auction, on
The premises, all the real estate of the
defendant company, with the water
rights and privileges and appurtenances
and fixtures and machinery thereto ap-
pertaining, and consisting of the fol
lowing parcels of property-tO wit:
]. The certain lot of land in the city
of Richmond commonly known rs the
lot, with the building
thereon commonly known as the "Gdl-
lego Mills" fronting on the lower end
Of the old basin of the James-Riyer
and kanaWha canal 1G5 feet, running
back 81, being part Of the Lot No. 3Gl
in the plan of the city of Richmond,
together with all the machinery therein,
upon the same, or thereto attached, to- !
gether with the right to the perpetual |
use Of the water from the basin of said |
canal, as set forth in the said deed and !
report, but subject to the annual water
rent thereon.
?. The certain lot on Canal street in |
he city OF Richmond on which is the |
- corn-mill" of the defendant com
Dany, and also the foundation Of 4 new |
mill, being Lot No. 360 in the plan Of |
he city of Richmond. with all its priyi
eges, machinery, and fixtures thereto
attached or appertaining.
3. The certain lot in Richmond city |
,alled the "basin-spring lot, " being Lot
40. 372 in the plan of Richmond.
!. A lot fronting 13S feet on Twelfth
,treet, running back 26S feet to Thu-
eenth street, in the city Of Richmond.
8. a lot in the city of Richmond
.novn as the "lumber-house lot, with
he buildings thereon, fronting 63 feet
N the basin bank of said canal con-
)any, and being part OF Lot No 3G2 IA
be plan of Richmond.
6. A lot il the county OF Henr.co
.nown as the " rutherford Mills 1T,
ogether with the water rights there'o
as set forth in said de-" Is
nd said report.
7. And also all the "brands" us i
" the said company in and about its
but said commissioner shall
iot sell said "brands until after tine
ale Of the "Gallego- Mills" real estate
roper and then the confirmation Of
he sale of the said "brands" " shall he
dependent upon whether or not the
ale Of the real estate aforesaid shall ne
onfiimed by the Court.
But the said commissioners shall not
ct under this decree until they shall
nter into bond before the Court, OF
he clerk thereof in vacation, in the
'enalty of $3.50, 900, and with suret.c.
0 be approved by the court or clerk, as
be case may be, and conditioned for
he faithful performance of their duties
S such commissioners.
A LEV UPTOWN HOTEL TO BE BUILT.
Mr.. A. J. Ford, of Ford's Hotel,
tates that he will shortly begin tie
rection of "A hotel to occupy the sites
the Virginia House and ST. Claire
Iotel. The lease of the gentlemen
onducting the latter hotel does not ex-
ire for some time to come, and work
i'll first be commenced on the Virginia
IoUse lot.
The new hotel will be built from plans
Y B. j. Black, ESQ.,, will be seven sto-
les high and have 400 rooms, will |
,ont 1861 feet ON Ninth street and 130
n Grace, will be after the style of the
Windsor, OF New York, and will cost
etween two and three hundred thoI-
and dollars.
uIo o.t,x;o, iii l. F A. -